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Hemab Therapeutics Presents New Clinical Data from HMB-002 in Von Willebrand Disease and Introduces HMB-003 for Heavy Menstrual Bleeding at the ISTH 2026 Congress

(Positive)

Hemab Therapeutics (Nasdaq: COAG) reported new first-in-human data for HMB-002 in Von Willebrand disease (VWD) and introduced HMB-003 for heavy menstrual bleeding at the ISTH 2026 Congress. HMB-002 showed dose-dependent ≥2.4-fold peak increases in Von Willebrand factor (VWF) and Factor VIII (FVIII), normalization of peak thrombin generation and activated partial thromboplastin time (APTT), and a pharmacokinetic/pharmacodynamic profile supporting potential monthly subcutaneous dosing.

According to Hemab, most treatment-emergent adverse events were mild or moderate, with no serious events, discontinuations, or thromboembolic, injection site, thrombocytopenia or hypersensitivity events. In the single ascending dose cohorts, 8 of 9 evaluable patients had zero treated bleeds over 28 days, versus a baseline mean annualized treated bleed rate of 20.1. Hemab also announced HMB-003, a non-hormonal, fatty-acid-conjugated peptide antifibrinolytic that directly inhibits plasmin, showed potent, selective antifibrinolytic activity and approximately one-week duration after a single subcutaneous dose in minipigs, supporting potential cycle-matched dosing in heavy menstrual bleeding.

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Positive

  • ≥2.4-fold VWF and FVIII increase at 150 mg cohort with normalized thrombin generation and shortened APTT
  • 8 of 9 evaluable patients had zero treated bleeds in 28 days post HMB-002 dosing
  • Baseline mean ATBR 20.1 before HMB-002 reflected high disease burden in Type 1 VWD
  • No serious TEAEs, no discontinuations, and no thromboembolic or hypersensitivity events reported with HMB-002
  • PK/PD profile of HMB-002 supports potential for monthly subcutaneous dosing
  • HMB-003 preclinical data show potent, selective plasmin inhibition with about one-week antifibrinolytic activity after a single dose

Negative

  • Single ascending dose study part was not designed to measure efficacy; clinical observations are descriptive rather than definitive

Market Context

Proof-of-mechanism HMB-002 data showing ≥2.4-fold VWF/FVIII elevation and improved ATBR, plus first ...
Analysis

Proof-of-mechanism HMB-002 data showing ≥2.4-fold VWF/FVIII elevation and improved ATBR, plus first disclosure of HMB-003’s week-long antifibrinolytic activity, highlight Hemab’s pipeline depth, with recent Form 4 filings indicating net insider share accumulation as development risk remains.

Key Figures

VWF/FVIII increase: ≥2.4-fold HMB-002 dose: 150 mg Zero treated bleeds: 8 of 9 patients +4 more
7 metrics
VWF/FVIII increase ≥2.4-fold Peak elevations in HMB-002-treated Von Willebrand disease patients
HMB-002 dose 150 mg Cohort A3 single subcutaneous dose
Zero treated bleeds 8 of 9 patients 28 days after HMB-002 dosing in SAD cohorts
Post-dose ATBR 1.6 Mean annualized treated bleed rate after HMB-002 dosing
Baseline ATBR 20.1 Mean annualized treated bleed rate before HMB-002 treatment
Baseline period 5.5 months Duration of bleed data collection before HMB-002
HMB-003 activity ≈1 week Sustained antifibrinolytic effect after single subcutaneous dose in minipigs

Historical Context

4 past events · Latest: Jun 26 (Positive)
Pattern 4 events
Date Event Sentiment 24h Move Catalyst
Jun 26 ISTH data preview Positive +16.8% Announced nine clinical and preclinical updates to be presented at ISTH 2026.
May 27 Conference participation Neutral +2.7% Planned appearance at Jefferies Global Healthcare Conference with fireside chat webcast.
May 21 1Q26 earnings report Neutral -0.6% Reported higher operating losses as R&D spending rose and outlined milestones.
May 04 IPO closing Positive -1.3% Closed upsized IPO with full underwriters’ option exercise and Nasdaq listing.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent stock reactions have been strongest to pipeline and data-related news, while financing and earnings items have seen muted or slightly negative moves.

Key Terms

von willebrand factor, factor viii, activated partial thromboplastin time, pharmacokinetic, +2 more
6 terms
von willebrand factor medical
"greater than or equal to 2.4-fold peak increases in Von Willebrand Factor (VWF)"
A blood glycoprotein that helps platelets stick to damaged vessel walls and stabilizes clotting factor VIII, acting like a biological glue and protective carrier during the clotting process. It matters to investors because measurements, deficiencies, or targeted therapies of von Willebrand factor are central to the diagnosis, clinical trials, and regulatory approval of drugs and diagnostics for bleeding disorders, influencing the commercial prospects and value of companies in hematology.
factor viii medical
"2.4-fold peak increases in Von Willebrand Factor (VWF) and Factor VIII (FVIII)"
Factor VIII is a naturally occurring protein in blood that helps form clots and stop bleeding; people with too little or nonfunctional Factor VIII experience prolonged bleeding. Investors watch Factor VIII because treatments that replace, supplement or permanently fix it—like infusions, engineered proteins, or gene therapies—can become high-value medical products; think of it as replacing a missing cog in a machine, where better or longer-lasting fixes can command premium pricing and regulatory scrutiny.
activated partial thromboplastin time medical
"normalization of peak thrombin generation and activated partial thromboplastin time (APTT)"
Activated partial thromboplastin time (aPTT) is a lab test that measures how long it takes blood to clot, like a stopwatch timing how quickly a small leak is plugged. It matters to investors because aPTT results are used to guide dosing and safety monitoring for blood-thinning drugs and to flag bleeding or clotting risks in clinical trials and medical devices, which can affect regulatory decisions, trial outcomes, and commercial prospects.
pharmacokinetic medical
"Pharmacokinetic (PK) analysis confirmed dose-dependent increase in Cmax"
Pharmacokinetic describes how a drug moves through and leaves the body — how it is absorbed, spread to tissues, broken down and excreted — like tracking a package from pickup to delivery and disposal. For investors, these properties determine effective dose, safety risks, how often a medicine must be taken, and how reliably it works, which in turn influence clinical trial success, regulatory approval chances, production complexity and a drug’s commercial value.
thrombin generation medical
"restoration of thrombin generation, shortening of APTT"
The process by which the enzyme thrombin is produced in blood during the clotting cascade; it quantifies how quickly and how much thrombin is generated after an injury. Measurements of thrombin generation are used as lab tests and trial endpoints to show a person’s tendency to form clots or bleed, so they matter to investors because they affect the development, regulatory review, and commercial value of anticoagulant drugs, hemostatic therapies, and diagnostic tests. The concept is like measuring how fast and how strongly sparks ignite a campfire, indicating how likely a clot will form.
plasmin medical
"HMB-003 directly inhibits plasmin at its active site"
Plasmin is a naturally occurring enzyme in blood that dissolves fibrin, the protein mesh that holds blood clots together. It acts like a molecular pair of scissors that cuts through clots during normal wound healing and during treatments that break up dangerous clots. Investors encounter the term when evaluating drug candidates, diagnostic tests, safety profiles, or regulatory filings related to clot-busting therapies and bleeding risk management.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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HMB-002 clinical data demonstrate proof of mechanism, with dose-dependent, greater than or equal to 2.4-fold peak increases in Von Willebrand Factor (VWF) and Factor VIII (FVIII), normalization of peak thrombin generation and activated partial thromboplastin time (APTT), and durability supporting potential monthly subcutaneous dosing

HMB-003 program announced as non-hormonal direct plasmin inhibitor with potent, selective and extended antifibrinolytic activity, designed to reduce bleeding across multiple settings beginning in heavy menstrual bleeding

CAMBRIDGE, Mass. and COPENHAGEN, Denmark, July 12, 2026 (GLOBE NEWSWIRE) -- Hemab Therapeutics (Nasdaq:COAG), a clinical-stage biotechnology company developing therapies that reimagine the treatment of blood coagulation disorders to sustain life and human resilience, today presented new clinical data from HMB-002 in Von Willebrand disease (VWD) and announced the HMB-003 program at the International Society on Thrombosis and Haemostasis (ISTH) 2026 Congress in Paris, France.

"Millions of people living with bleeding disorders including VWD and heavy menstrual bleeding have no reliable way to prevent excessive bleeds," said Benny Sørensen, MD, PhD, CEO of Hemab. "Today, at ISTH 2026 we presented new HMB-002 data demonstrating proof of mechanism in VWD alongside preliminary clinical observations on treated bleeding events. We also unveiled HMB-003, a novel antifibrinolytic built on validated fatty-acid conjugated peptide technology, initially targeting heavy menstrual bleeding – an often-ignored vital sign. It affects one in three women, causing pain, iron-deficiency anemia, fatigue, stigma, and extensive lost days at school and work, with treatment options largely unchanged in decades. HMB-003 is non-hormonal, potent, and selective, engineered to cover the period, then wash out between cycles."

"The new HMB-002 data support a non-replacement approach in VWD: a single subcutaneous dose raising both VWF and FVIII more than 2-fold, with a favorable safety profile across every cohort," said Priyanka Raheja, MD, Consultant Haematologist at Barts Health NHS Trust. "Building on 50 years of clinically validated treatment strategy, HMB-002 shows potential to change the VWD treatment paradigm by addressing the root cause of the disease; a durable increase, and for many patients potential normalization, of both VWF and FVIII."

Program Presentations

HMB-002 is designed to address the underlying biological drivers of VWD through a non-replacement approach—elevating the body's endogenous levels of VWF and FVIII rather than infusing exogenous factor—with early first-in-human data building a compelling case for this paradigm shift.

  • Extended half-life supporting infrequent dosing: Pharmacokinetic (PK) analysis confirmed dose-dependent increase in Cmax with prolonged duration.
  • Dual VWF and FVIII elevation: In all dose cohorts tested, VWF and FVIII were elevated in a dose-dependent manner. In cohort A3 (150 mg), ≥2.4-fold elevation in both VWF and FVIII was achieved and accompanied by restoration of thrombin generation, shortening of APTT, and stable multimer distribution. The pharmacokinetic/pharmacodynamic (PK/PD) profile supports potential for monthly dosing.
  • Emerging safety profile: Most treatment-emergent adverse events (TEAEs) were mild to moderate in severity, no serious TEAEs occurred, no events were considered related to HMB-002, and no participant discontinued the study due to TEAEs. There were no thromboembolic events, no injection site reactions, no thrombocytopenia, and no hypersensitivity reactions.
  • Preliminary clinical observations: The single ascending dose (SAD) part of the study wasn’t designed to measure efficacy, so clinical observations should be considered descriptive in nature. Across the SAD cohorts, 8 of 9 evaluable patients had zero treated bleeds in the 28 days following HMB-002 dosing, with a mean ATBR of 1.6. Among participants treated with HMB-002, the baseline mean ATBR before HMB-002 treatment was 20.1 reflecting significant disease burden in Type 1 VWD, based on bleed data collected up to 5.5 months.

HMB-003 is a novel fatty-acid-conjugated peptide antifibrinolytic, designed to stabilize clots and reduce bleeding across multiple settings, beginning in heavy menstrual bleeding, with preclinical data supporting potent, selective antifibrinolytic activity and extended duration of action.

  • Potent and selective plasmin inhibition: HMB-003 directly inhibits plasmin at its active site and inhibits fibrinolysis across both tPA- and uPA-driven pathways, while showing no effect on thrombin generation, platelet function, or coagulation in nonclinical studies.
  • Extended antifibrinolytic activity: Following a single subcutaneous dose in minipigs, HMB-003 achieved peak plasma levels within hours and sustained antifibrinolytic activity for approximately one week, supporting the potential for cycle-matched dosing in heavy menstrual bleeding.

About Von Willebrand Disease
Von Willebrand Disease (VWD) is the most common inherited bleeding disorder, characterized by quantitative or qualitative defects in Von Willebrand Factor (VWF), often resulting in frequent mucocutaneous bleeding events and heavy menstrual bleeding in women. The severity of bleeding ranges from low-volume events to potentially life-threatening hemorrhages. Chronic blood loss frequently leads to iron deficiency anemia, exacerbating the disease burden and reducing quality of life, particularly for those with clinically understated subtypes. Despite its prevalence, current treatment options for VWD primarily focus on managing symptoms rather than addressing the underlying biology of the disease.‍

About HMB-002
HMB-002 is a monovalent human antibody being developed as the first-in-class subcutaneous prophylactic treatment for Von Willebrand Disease targeting the underlying cause of the disease, a condition driven by a deficiency or defect in Von Willebrand Factor (VWF), a key regulator of hemostasis. By specifically targeting the C-terminal CK domain of VWF, which is distinct from regions critical to its essential interactions, HMB-002 shields the protein from degradation, boosting endogenous levels without compromising its function. Clinical and nonclinical data suggest strong potential for meaningful therapeutic benefit. For more information, please visit clinicaltrials.gov (NCT06610201 and NCT06754852).

HMB-003
HMB-003 is a subcutaneously administered peptide-based plasmin inhibitor with a durable half-life — a proven therapeutic target in coagulation medicine — being developed as a novel antifibrinolytic designed to reduce bleeding across multiple settings. Engineered to directly inhibit plasmin at its active site, HMB-003 blocks fibrinolysis independently of the plasminogen activation pathway. HMB-003 is optimized to provide sustained bleed protection across multiple high-unmet-need conditions, ranging from heavy menstrual bleeding and hereditary hemorrhagic telangiectasia to peri-operative bleeding management.

About Hemab Therapeutics
Hemab Therapeutics Holdings, Inc. is a clinical-stage biotechnology company developing therapies that reimagine the treatment of blood coagulation disorders to sustain life and human resilience. Hemab’s mission is to discover, develop, and commercialize innovative therapies for the millions of patients worldwide suffering from serious bleeding and thrombotic diseases. Hemab is building a franchise of innovative therapeutics designed to address critical gaps in the treatment of coagulation disorders, including sutacimig (HMB-001), a bispecific antibody in clinical development for the prophylactic treatment of Glanzmann thrombasthenia and Factor VII deficiency, HMB-002, a monovalent antibody in clinical development for the prophylactic treatment of Von Willebrand Disease, and HMB-003, an anti-fibrinolytic targeting plasmin inhibition in preclinical development for multiple high-unmet-need conditions, ranging from heavy menstrual bleeding, hereditary hemorrhagic telangiectasia to peri-operative bleeding management.

Learn more at hemab.com. Follow us on LinkedIn, FacebookInstagram, and X.

Forward-Looking Statements
This press release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical facts, contained in this press release, including statements regarding Hemab’s strategy, future operations, prospects and plans, objectives of management, the anticipated timelines for reporting data from Hemab’s clinical trials, the anticipated timelines for initiating a Phase 3 clinical trial of sutacimig and first-in-human studies of HMB-003, the clinical potential of sutacimig, HMB-002 and HMB-003, Hemab’s plans to expand its pipeline, and the sufficiency of Hemab’s cash resources for the period anticipated, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “objective,” “ongoing,” “plan,” “predict,” “project,” “potential,” “should,” or “would,” or the negative of these terms, or other comparable terminology are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Hemab may not actually achieve the plans, intentions or expectations disclosed in these forward-looking statements, and you should not place undue reliance on these forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in these forward-looking statements as a result of various important factors, including: uncertainties inherent in the identification and development of product candidates, including the initiation and completion of preclinical studies and clinical trials; uncertainties as to the availability and timing of results from preclinical studies and clinical trials; the timing of and Hemab’s ability to initiate and enroll patients in clinical trials; whether results from preclinical studies and earlier clinical trials will be predictive of the results of later clinical trials; whether Hemab’s cash resources will be sufficient to fund the Company’s foreseeable and unforeseeable operating expenses and capital expenditure requirements; as well as the risks and uncertainties identified in Hemab’s filings with the Securities and Exchange Commission (SEC), including the Company’s most recent Form 10-Q and in subsequent filings Hemab may make with the SEC. In addition, the forward-looking statements included in this press release represent Hemab’s views as of the date of this press release. Hemab anticipates that subsequent events and developments will cause its views to change. However, while Hemab may elect to update these forward-looking statements at some point in the future, it specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Hemab’s views as of any date subsequent to the date of this press release.

Media:
Deerfield Group
Peg Rusconi
peg.rusconi@deerfieldgroup.com    

Investors:
Hemab Therapeutics
Mads Behrndt
investors@hemab.com


FAQ

What did Hemab Therapeutics (COAG) report about HMB-002 at ISTH 2026?

Hemab Therapeutics reported that HMB-002 produced dose-dependent ≥2.4-fold peak increases in VWF and FVIII with normalized thrombin generation and APTT. According to Hemab, pharmacokinetic and pharmacodynamic data support potential monthly subcutaneous dosing, and most treatment-emergent adverse events were mild or moderate without serious events or discontinuations.

How did HMB-002 affect treated bleed rates in Von Willebrand disease patients?

In the single ascending dose cohorts, 8 of 9 evaluable VWD patients had zero treated bleeds over 28 days after HMB-002. According to Hemab, baseline mean annualized treated bleed rate before HMB-002 was 20.1, reflecting substantial disease burden in Type 1 VWD over up to 5.5 months.

What safety profile did Hemab Therapeutics report for HMB-002 in VWD?

Hemab Therapeutics reported that most treatment-emergent adverse events with HMB-002 were mild to moderate, with no serious TEAEs or study discontinuations. According to Hemab, there were no thromboembolic events, no injection site reactions, no thrombocytopenia, and no hypersensitivity reactions observed across the dose cohorts studied.

What is HMB-003 from Hemab Therapeutics (COAG) and how does it work?

HMB-003 is a non-hormonal, fatty-acid-conjugated peptide antifibrinolytic designed for heavy menstrual bleeding and other bleeding settings. According to Hemab, it directly inhibits plasmin at its active site, reduces fibrinolysis via tPA and uPA pathways, and showed approximately one-week antifibrinolytic activity after a single subcutaneous dose in minipigs.

How is HMB-003 different from existing antifibrinolytics for heavy menstrual bleeding?

HMB-003 is described as a non-hormonal, direct plasmin inhibitor with extended antifibrinolytic activity, unlike many current therapies. According to Hemab, preclinical data show potent, selective plasmin inhibition without affecting thrombin generation, platelet function, or coagulation, supporting potential cycle-matched dosing in heavy menstrual bleeding.

Does HMB-002 represent a non-replacement approach for treating Von Willebrand disease?

Yes, HMB-002 is designed as a non-replacement therapy that elevates endogenous VWF and FVIII instead of infusing exogenous factors. According to Hemab, early first-in-human data support a paradigm shift by addressing underlying biological drivers through durable increases, and for many patients potential normalization, of VWF and FVIII.

What dosing potential did Hemab Therapeutics highlight for HMB-002 and HMB-003?

For HMB-002, Hemab highlighted a pharmacokinetic and pharmacodynamic profile supporting potential monthly subcutaneous dosing in VWD. For HMB-003, nonclinical minipig data showed about one-week antifibrinolytic activity after a single dose, which according to Hemab supports the potential for cycle-matched dosing in heavy menstrual bleeding.